Shriram Finance Personal Loan Interest rates from 11% p.a
Get Shriram Finance Personal Loans at interest rates starting from 11%. Enjoy quick disbursal, flexible EMIs, and hassle-free processing. Apply now!
Shriram Finance Personal Loan Interest Rates
The interest rate for personal loans in Shriram Finance varies according to the credit profile of the borrower. Shriram Personal Loans typically come with an interest charge ranging from 11% to 42%. This rate is determined based on several parameters, including the borrower’s credit score, employment status, loan tenure, and repayment history.
Shriram Finance employs a thorough risk analysis to assess applications and ensure that the offered interest rates align with the applicant’s repayment capacity. The company is known for its favorable repayment terms and flexible credit products, enabling clients to manage their finances efficiently.
Shriram Finance Interest Rate VS Other NBFCs
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| DBS Bank | From 10.99% | Up to ₹15 Lakhs | Apply |
| HDFC | From 10.85% | Up to ₹40 Lakhs | Apply |
| Axis Bank | From 10.49% | Up to ₹40 Lakhs | Apply |
| ICICI Bank | 10.75% – 19% | Up to ₹40 Lakhs | Apply |
| Bank of Baroda | 10.75% – 18.5% | Up to ₹5 Lakhs | Apply |
| SBI | From 11% | Up to ₹30 Lakhs | Apply |
| IndusInd | From 10.49% | Up to ₹50 Lakhs | Apply |
| Yes Bank | From 10.99% | Up to ₹40 Lakhs | Apply |
| Standard Chartered | From 11.5% | Up to ₹50 Lakhs | Apply |
| IDFC | From 10.49% | Up to ₹50 Lakhs | Apply |
| Kotak Mahindra | From 10.99% | Up to ₹40 Lakhs | Apply |
| PNB | From 11.40% | Up to ₹20 Lakhs | Apply |
| Bandhan Bank | From 11.55% | Up to ₹25 Lakhs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Apply |
| InCred | From 18% | Up to ₹3 Lakhs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Apply |
| PaySense | From 16.8% | Up to ₹5 Lakhs | Apply |
| Poonawalla | From 9.99% | Up to ₹30 Lakhs | Apply |
| Fullerton | From 11.99% | Up to ₹25 Lakhs | Apply |
| LendingKart | From 12% | Up to ₹3 Lakhs | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Apply |
| L&T Finance | From 12% | Up to ₹7 Lakhs | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Apply |
| Aditya Birla | From 11.99% | Up to ₹50 Lakhs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Apply |
Variables That Could Affect Personal Loan Interest Rates
- Credit Score: A high credit score (750 and above) reflects financial discipline and typically results in lower interest rates.
- Income Source and Stability: Regular income from a reputable employer or business increases the chances of negotiating better rates.
- Loan Amount: Larger loan amounts often carry higher interest rates due to increased risk.
- Existing Debts: Fewer recurring expenses or obligations make borrowers eligible for favorable interest rates.
- Loan Tenure: Shorter loan tenures usually have lower interest rates as they pose less risk to lenders.
- Prior Relationship with Shriram Finance: Existing customers may receive preferential rates or special promotions.
How to Get the Best Interest Rate on a Personal Loan
- Improve Your Credit Score
Review your credit report regularly, pay off existing balances, and aim for a score above 750. - Choose the Right Loan Tenure
Opt for shorter loan terms to minimize the total interest cost. - Promotional Events
Look out for concessional rates during festivals or special promotional offers from Shriram Finance. - Submit Complete Documentation
Ensure all necessary documents are submitted on time to avoid delays and increase approval chances. - Lower Existing Debts
Minimize ongoing financial obligations to qualify for better interest rates.
Shriram Finance Personal Loan EMI Calculator
An EMI Calculator simplifies estimating monthly repayments, aiding in financial planning.
Formula:
EMI = \[P x R x (1+R)^N\] / \[(1+R)^N – 1\]
- P: Loan amount
- R: Monthly interest rate
- N: Loan tenure in months
Example Calculation:
- Loan Amount: ₹5,00,000
- Interest Rate: 15% p.a.
- Tenure: 5 years (60 months)
- Monthly EMI: ₹11,894.97
- Total Loan Cost: ₹7.14 Lakh (Excluding fees and charges)
FAQs about Shriram Finance Personal Loan Interest Rates
1. Can I get a personal loan with a low credit score?
Yes, but the interest rate may be higher. Improving your credit score is recommended for better conditions.
2. What type of interest rates are offered—fixed or floating?
Shriram Finance generally offers fixed interest rates, ensuring constant EMIs throughout the loan tenure.
3. Can I make prepayments on my loan?
Yes, prepayments are allowed, but additional charges may apply as per the loan agreement.
4. How does my employment type affect the interest rate?
Salaried employees from reputed companies are offered lower rates due to their stable income compared to self-employed individuals.
5. Does Shriram Finance charge processing fees?
Yes, a one-time processing fee of up to 5% of the loan amount is applicable.
